Statement from LIA Chief Economist on the ADP Report

By: Dr. John A. Rizzo

Statement From LIA Chief Economist on the ADP Report

"Today's ADP report on new private sector jobs added, while slightly below the average expectation, was in line with monthly jobs growth in 2013. Moreover, the range in jobs expectations by survey respondents was wide, so it is unlikely that this jobs result was a meaningful deviation from the average expectation," said John A. Rizzo, LIA Chief Economist.